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Added on the 19/11/2011 01:59:54 - Copyright : Auto Moto EN
Honda and Toyota unveiled some rad new sports concepts at the Tokyo Motor Show on Wednesday. Honda's sleek Sports EV puts a retro twist on modern electric sports vehicles. Toyota unveiled a targa top speedster called the GR HV Sports Concept. The new concepts may signify a deeper design shift for the Japanese auto giants, with a greater focus on electric and hybrid vehicles potentially coming in the near future.
On Monday, Tesla stock climbed as much as 5%. Business Insider reports that Tesla's market capitalization is north of $700 billion. Elon Musk's company exceeded its production target of 500,000 vehicles last year. The company has fallen just short of 500,000 deliveries. "So proud of the Tesla team for achieving this major milestone!" Musk tweeted about the news. Tesla's stock price soared by more than 740% in 2020.
Tesla may be the new kid on the block in the auto industry, but it's quickly become a big kid on Wall Street. The electric-car maker's shares continued to climb more than 4% on Tuesday. This increases the company's total market value above $500 billion for the first time. The milestone comes on the heels of a banner year for Tesla's stock, says CNN. Tesla recently upgraded facility now has the capacity to build 500,000 Model Y and Model 3 sedans a year. This is in addition to 90,000 of its more expensive Model S and Model X vehicles.
A prototype electric car made of carbon fibre reinforced plastic was tested at the Japan Cycle Sports Centre, Shuzenji, Shizuoka Prefecture. Around 85 per cent of the car parts reportedly consists of polymers or plastics by volume, which makes the car ultra-light.
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